Announced earlier in 2023, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) is enforcing compliance with The Corporate Transparency Act (CTA) by requiring business entity owners to file Beneficial Ownership Information (BOI) reports beginning January…

New Jersey recently enacted legislation that regulates credit card surcharges that may be charged by merchants.   New Credit Card Surcharge Law for New Jersey Under the new law, which is effective immediately, a merchant…

All owners understand the #1 rule of business – don’t run out of cash! But whether you’re a seasoned business owner or new to the playing field, this is often easier said than done. One…

As summer comes to a close, fall is a great time to start looking at ways to cut your business’s 2023 tax bill. Consider these ideas; Review employee benefits. Benefit programs are often one of…

Conducting a mid-year review of your business’s books is conducive to a smooth year-end — not to mention, will help you be in a better position for a smoother and more efficient tax season. As…

Halftime in sports is a time to pause, regroup, and consider how the team can improve.  Likewise, a middle of the year review of your payroll and HR processes can be equally beneficial. As an…

Pop quiz: Is fraud and embezzlement more common in small or large businesses? Unfor­tunately for small businesses, since they often lack the internal controls that are typically in place at larger organizations, they are more…

Many small business entity owners have a new compliance requirement to adhere to beginning next year. In an effort to better prevent money laundering, tax evasion, and other illicit financial crimes, new legislation and reporting…